And then you have an Operations LLC - a shell LLC that is the public facing entity, doing all the interactions with tenants, contractors, leasing, hiring, management, etc. with no assets and very little funds beyond whats required for proper capitalization and operations.That's the basic idea, but things get complicated from there due to the partnership, financing, commingling, etc - which is your current situation.

I am only looking for something small  - less than $10k for minor plumbing issue and electric upgrade. 

(Self employed general contractor, income low on tax returns, but own house worth $1.2 million, no debt)Would love other opinions on this, not just our realtor’s.

I am an investor friendly contractor in Houston and have been in business since 2009.

I recently purchased a quad back in June, with a tenant already in place. I found out yesterday the water bill was actually updated to my name back in July due to a error on my teams part. There water was shut off so ...

I literally had to provide an estimate from a licensed contractor to install handles and deadbolts on interior unit doors and they made me escrow 125% of that quote.  

You are also somewhat at the mercy of the contractor you end up going with, which is a slight concern given the difficulty of finding good contractors.

I have a decent network of contractors near Oak Park/Forest Park/Berwyn area. 

Sorry for all the dumb questions but I attempted to do this via 203k and the General Contractors are what I feel charging exorbitant amounts.

Im just hoping it does because the numbers are looking good so far IMO. 2bed 1bath615 sq ft homeArv: $215,000Repairs: $35-$40k (that’s just from her sending me pics of the inside, and me looking from the outside) Initial offer: $80k I told her that the price is subject to change after an actual inspection of the home and we have a contractor run some accurate numbers on the rehab and I’m going to put it in the contract and she gladly agreed.